- KuCoin launches Solayer (SOLAYER) spot trading today at 14:00 UTC.
- Withdrawals for SOLAYER will be available starting at 10:00 UTC on February 12, 2025.
- Solayer’s InfiniSVM architecture aims to achieve over 1 million transactions per second.
Crypto exchange KuCoin has announced the listing of Solayer (SOLAYER) on its spot trading platform. Users can now trade the SOLAYER/USDT pair on the platform.
According to the announcement, the spot trading commenced today, February 11, at 14:00 UTC. Meanwhile, withdrawals for SOLAYER will go live starting at 10:00 UTC on February 12.
Right from the get-go, SOLAYER/USDT will work seamlessly with KuCoin’s full range of trading bots. These include Spot Grid, Infinity Grid, DCA, Smart Rebalance, Spot Martingale, Spot Grid AI Plus, and AI Spot Trend. These handy tools give users automated strategies to boost their trading experience.
Ticker Mix-Up: SOLAYER vs. LAYER
One heads-up for traders: KuCoin is listing the cryptocurrency under the name SOLAYER because of a ticker duplication issue – even though its official on-chain ticker is LAYER. To keep things clear, users should verify the contract address before making transactions. The official contract address can be accessed on Solscan.
Solayer’s Blockchain Innovation
Solayer is designed to push blockchain performance to new limits through its InfiniSVM architecture. The system leverages Infiniband RDMA technology for ultra-fast inter-node communication and incorporates advanced concurrency control strategies to enhance efficiency.
Related: KuCoin Lists Three Solana-Based AI Tokens: BUZZ, GRIFT, SNAI
With a focus on scalability, Solayer aims to support over one million transactions per second and exceed 100 Gbps in network bandwidth. The project was launched in the first quarter of 2024 and is positioned as a solution for decentralized applications that require high throughput, low fees, and seamless composability.
KuCoin’s Listing Spree Continues
The listing of Solayer continues a recent run of high-profile listings. Just last week, KuCoin announced it was listing Berachain, three Solana-based AI Tokens (BUZZ, GRIFT, and SNAI), and several others.
Related: KuCoin Lists Berachain (BERA) with Expanded Trading Services
Notably, KuCoin has seen incredible growth over the past year. It has blown past $1 billion in daily trading volume and climbed to eighth globally, just a hair behind U.S.-based Kraken, according to data from CoinMarketCap.
The platform’s user base expanded to 38 million in 2024, with the largest increases in Latin America and the Middle East/North Africa (MENA). Trading volumes in MENA tripled from 2023, while Europe recorded a 144% increase.
Futures Platform and Bot Trading Also Soaring
Adding to the growth story, KuCoin has really expanded its futures trading platform, adding 125 new assets and drawing in over three million new traders.
The exchange-listed 300 new tokens in 2024, with over 30% of them introduced in the last quarter alone. Its trading bot platform also saw widespread adoption, with users creating 7.5 million bots—a 36% year-over-year increase.
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Source: https://coinedition.com/kucoin-launches-solayer-solayer-spot-trading-today/